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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 3.17
HFWA's Cash to Debt is ranked higher than
57% of the 1599 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.98 vs. HFWA: 3.17 )
Ranked among companies with meaningful Cash to Debt only.
HFWA' s Cash to Debt Range Over the Past 10 Years
Min: 0.47  Med: 7.63 Max: No Debt
Current: 3.17
Equity to Asset 0.09
HFWA's Equity to Asset is ranked lower than
62% of the 1608 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. HFWA: 0.09 )
Ranked among companies with meaningful Equity to Asset only.
HFWA' s Equity to Asset Range Over the Past 10 Years
Min: 0.09  Med: 0.13 Max: 0.29
Current: 0.09
0.09
0.29
Interest Coverage 8.64
HFWA's Interest Coverage is ranked higher than
89% of the 1529 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.67 vs. HFWA: 8.64 )
Ranked among companies with meaningful Interest Coverage only.
HFWA' s Interest Coverage Range Over the Past 10 Years
Min: 0.01  Med: 1.86 Max: 8.64
Current: 8.64
0.01
8.64
F-Score: 5
M-Score: -2.71
WACC vs ROIC
6.38%
10.63%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 31.68
HFWA's Operating margin (%) is ranked higher than
52% of the 1621 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 30.83 vs. HFWA: 31.68 )
Ranked among companies with meaningful Operating margin (%) only.
HFWA' s Operating margin (%) Range Over the Past 10 Years
Min: 0.15  Med: 24.12 Max: 36.42
Current: 31.68
0.15
36.42
Net-margin (%) 23.64
HFWA's Net-margin (%) is ranked higher than
54% of the 1619 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.44 vs. HFWA: 23.64 )
Ranked among companies with meaningful Net-margin (%) only.
HFWA' s Net-margin (%) Range Over the Past 10 Years
Min: 1.15  Med: 17.19 Max: 24.12
Current: 23.64
1.15
24.12
ROE (%) 8.48
HFWA's ROE (%) is ranked higher than
50% of the 1619 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.54 vs. HFWA: 8.48 )
Ranked among companies with meaningful ROE (%) only.
HFWA' s ROE (%) Range Over the Past 10 Years
Min: -0.54  Med: 6.37 Max: 14.57
Current: 8.48
-0.54
14.57
ROA (%) 1.04
HFWA's ROA (%) is ranked higher than
61% of the 1627 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.89 vs. HFWA: 1.04 )
Ranked among companies with meaningful ROA (%) only.
HFWA' s ROA (%) Range Over the Past 10 Years
Min: 0.06  Med: 0.9 Max: 1.32
Current: 1.04
0.06
1.32
Revenue Growth (3Y)(%) 4.50
HFWA's Revenue Growth (3Y)(%) is ranked higher than
57% of the 1340 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.30 vs. HFWA: 4.50 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
HFWA' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -12.7  Med: 4.5 Max: 28.2
Current: 4.5
-12.7
28.2
EBITDA Growth (3Y)(%) 12.20
HFWA's EBITDA Growth (3Y)(%) is ranked higher than
69% of the 1229 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.90 vs. HFWA: 12.20 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
HFWA' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -60.5  Med: 9.6 Max: 113.2
Current: 12.2
-60.5
113.2
EPS Growth (3Y)(%) 12.80
HFWA's EPS Growth (3Y)(%) is ranked higher than
66% of the 1204 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.40 vs. HFWA: 12.80 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
HFWA' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -23.3  Med: 10.9 Max: 37.3
Current: 12.8
-23.3
37.3
GuruFocus has detected 5 Warning Signs with Heritage Financial Corp $HFWA.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» HFWA's 10-Y Financials

Financials


Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q4 2015

HFWA Guru Trades in Q4 2015

NWQ Managers 1,775,338 sh (+96.99%)
Jim Simons 147,700 sh (+55.47%)
» More
Q1 2016

HFWA Guru Trades in Q1 2016

Jim Simons 178,100 sh (+20.58%)
NWQ Managers 1,956,041 sh (+10.18%)
» More
Q2 2016

HFWA Guru Trades in Q2 2016

NWQ Managers 1,948,471 sh (-0.39%)
Jim Simons 150,100 sh (-15.72%)
» More
Q3 2016

HFWA Guru Trades in Q3 2016

NWQ Managers 1,971,525 sh (+1.18%)
Jim Simons 137,100 sh (-8.66%)
» More
» Details

Insider Trades

Latest Guru Trades with HFWA

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Business Description

Industry: Banks » Banks - Regional - US    NAICS: 522120    SIC: 6036
Compare:NAS:TCBK, NAS:MSFG, NAS:ORIT, NAS:UVSP, NAS:CNOB, NAS:GABC, NYSE:NBHC, NAS:EFSC, NAS:RBCAA, NAS:TRST, NAS:SBCF, NYSE:BANC, NAS:COBZ, NAS:GSBC, NAS:GBNK, NAS:CTBI, NAS:BDGE, NAS:LBAI, NAS:BMTC, NAS:WASH » details
Heritage Financial Corp is a bank holding company engaged in the business of planning, directing, and coordinating the business activities of its wholly owned subsidiary: - Heritage Bank.

Heritage Financial Corp is a bank holding company that was incorporated in the State of Washington in August 1997. The Company is primarily engaged in the business of planning, directing, and coordinating the business activities of its wholly owned subsidiary Heritage Bank. The deposits of the Bank are insured by the FDIC. Heritage Bank conducts business in its thirty-five branch offices located in Washington and the greater Portland, Oregon area. Its business consists primarily of lending and deposit relationships with small businesses and their owners, and attracting deposits from the general public. It also makes real estate construction and land development loans, one-to-four family residential loans, and consumer loans. It offers deposit accounts designed to attract both short-term and long-term deposits. These accounts include noninterest demand accounts, negotiable order of withdrawal accounts, money market accounts, savings accounts and certificates of deposit. The Company is subject to extensive Federal and Washington State legislation, regulation, and supervision. The Company competes for loans and deposits with other commercial banks, credit unions, mortgage bankers, and other institutions in the scope and type of services offered, interest rates paid on deposits, pricing of loans, and number and locations of branches, among other things.

Ratios

vs
industry
vs
history
P/E(ttm) 20.27
HFWA's P/E(ttm) is ranked lower than
73% of the 1490 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.41 vs. HFWA: 20.27 )
Ranked among companies with meaningful P/E(ttm) only.
HFWA' s P/E(ttm) Range Over the Past 10 Years
Min: 8.04  Med: 16.46 Max: 261
Current: 20.27
8.04
261
Forward P/E 18.94
HFWA's Forward P/E is ranked lower than
85% of the 360 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 15.55 vs. HFWA: 18.94 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 20.27
HFWA's PE(NRI) is ranked lower than
73% of the 1487 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.49 vs. HFWA: 20.27 )
Ranked among companies with meaningful PE(NRI) only.
HFWA' s PE(NRI) Range Over the Past 10 Years
Min: 8.04  Med: 16.46 Max: 261
Current: 20.27
8.04
261
Price/Owner Earnings (ttm) 15.00
HFWA's Price/Owner Earnings (ttm) is ranked lower than
52% of the 876 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.83 vs. HFWA: 15.00 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
HFWA' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 6.11  Med: 12.19 Max: 417.57
Current: 15
6.11
417.57
P/B 2.20
HFWA's P/B is ranked lower than
88% of the 1602 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.16 vs. HFWA: 2.20 )
Ranked among companies with meaningful P/B only.
HFWA' s P/B Range Over the Past 10 Years
Min: 0.71  Med: 1.13 Max: 2.68
Current: 2.2
0.71
2.68
P/S 4.76
HFWA's P/S is ranked lower than
74% of the 1580 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.43 vs. HFWA: 4.76 )
Ranked among companies with meaningful P/S only.
HFWA' s P/S Range Over the Past 10 Years
Min: 1.3  Med: 3.03 Max: 6.01
Current: 4.76
1.3
6.01
PFCF 14.67
HFWA's PFCF is ranked lower than
58% of the 797 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.75 vs. HFWA: 14.67 )
Ranked among companies with meaningful PFCF only.
HFWA' s PFCF Range Over the Past 10 Years
Min: 4.92  Med: 10.3 Max: 32.88
Current: 14.67
4.92
32.88
POCF 13.27
HFWA's POCF is ranked lower than
59% of the 891 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.98 vs. HFWA: 13.27 )
Ranked among companies with meaningful POCF only.
HFWA' s POCF Range Over the Past 10 Years
Min: 4.24  Med: 9.21 Max: 15.51
Current: 13.27
4.24
15.51
EV-to-EBIT 13.60
HFWA's EV-to-EBIT is ranked lower than
54% of the 1210 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.67 vs. HFWA: 13.60 )
Ranked among companies with meaningful EV-to-EBIT only.
HFWA' s EV-to-EBIT Range Over the Past 10 Years
Min: -1.6  Med: 8.7 Max: 411.4
Current: 13.6
-1.6
411.4
EV-to-EBITDA 10.62
HFWA's EV-to-EBITDA is ranked higher than
53% of the 1217 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.34 vs. HFWA: 10.62 )
Ranked among companies with meaningful EV-to-EBITDA only.
HFWA' s EV-to-EBITDA Range Over the Past 10 Years
Min: -186.4  Med: 6.6 Max: 24.8
Current: 10.62
-186.4
24.8
PEG 2.41
HFWA's PEG is ranked lower than
71% of the 754 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.35 vs. HFWA: 2.41 )
Ranked among companies with meaningful PEG only.
HFWA' s PEG Range Over the Past 10 Years
Min: 0.5  Med: 1.57 Max: 16.78
Current: 2.41
0.5
16.78
Shiller P/E 27.05
HFWA's Shiller P/E is ranked lower than
69% of the 483 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 9999.00 vs. HFWA: 27.05 )
Ranked among companies with meaningful Shiller P/E only.
HFWA' s Shiller P/E Range Over the Past 10 Years
Min: 7.36  Med: 11.97 Max: 27.3
Current: 27.05
7.36
27.3

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.81
HFWA's Dividend Yield is ranked lower than
70% of the 2346 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.65 vs. HFWA: 1.81 )
Ranked among companies with meaningful Dividend Yield only.
HFWA' s Dividend Yield Range Over the Past 10 Years
Min: 0.23  Med: 2.23 Max: 7.47
Current: 1.81
0.23
7.47
Dividend Payout 0.36
HFWA's Dividend Payout is ranked lower than
56% of the 1313 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.32 vs. HFWA: 0.36 )
Ranked among companies with meaningful Dividend Payout only.
HFWA' s Dividend Payout Range Over the Past 10 Years
Min: 0.31  Med: 0.45 Max: 0.83
Current: 0.36
0.31
0.83
Dividend Growth (3y) 12.70
HFWA's Dividend Growth (3y) is ranked higher than
62% of the 728 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.40 vs. HFWA: 12.70 )
Ranked among companies with meaningful Dividend Growth (3y) only.
HFWA' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 0  Med: 14.7 Max: 73.5
Current: 12.7
0
73.5
Forward Dividend Yield 1.90
HFWA's Forward Dividend Yield is ranked lower than
74% of the 2244 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.84 vs. HFWA: 1.90 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 1.81
HFWA's Yield on cost (5-Year) is ranked lower than
77% of the 2639 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.36 vs. HFWA: 1.81 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
HFWA' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0.23  Med: 2.23 Max: 7.47
Current: 1.81
0.23
7.47
3-Year Average Share Buyback Ratio -25.60
HFWA's 3-Year Average Share Buyback Ratio is ranked lower than
92% of the 1039 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -2.10 vs. HFWA: -25.60 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
HFWA' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -32.9  Med: -2 Max: 12.1
Current: -25.6
-32.9
12.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 3.38
HFWA's Price/Tangible Book is ranked lower than
95% of the 1595 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.23 vs. HFWA: 3.38 )
Ranked among companies with meaningful Price/Tangible Book only.
HFWA' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.3  Med: 1.46 Max: 3.41
Current: 3.38
0.3
3.41
Price/Projected FCF 1.21
HFWA's Price/Projected FCF is ranked lower than
80% of the 883 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.78 vs. HFWA: 1.21 )
Ranked among companies with meaningful Price/Projected FCF only.
HFWA' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.33  Med: 0.77 Max: 1.22
Current: 1.21
0.33
1.22
Price/Median PS Value 1.57
HFWA's Price/Median PS Value is ranked lower than
83% of the 1458 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.14 vs. HFWA: 1.57 )
Ranked among companies with meaningful Price/Median PS Value only.
HFWA' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.48  Med: 1.08 Max: 2.4
Current: 1.57
0.48
2.4
Price/Peter Lynch Fair Value 1.43
HFWA's Price/Peter Lynch Fair Value is ranked lower than
60% of the 399 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.17 vs. HFWA: 1.43 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
HFWA' s Price/Peter Lynch Fair Value Range Over the Past 10 Years
Min: 0.52  Med: 1.17 Max: 2.4
Current: 1.43
0.52
2.4
Price/Graham Number 1.75
HFWA's Price/Graham Number is ranked lower than
91% of the 1405 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.95 vs. HFWA: 1.75 )
Ranked among companies with meaningful Price/Graham Number only.
HFWA' s Price/Graham Number Range Over the Past 10 Years
Min: 0.64  Med: 1.08 Max: 3.9
Current: 1.75
0.64
3.9
Earnings Yield (Greenblatt) (%) 7.38
HFWA's Earnings Yield (Greenblatt) (%) is ranked higher than
59% of the 1598 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.70 vs. HFWA: 7.38 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
HFWA' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.2  Med: 11.4 Max: 3249.6
Current: 7.38
0.2
3249.6
Forward Rate of Return (Yacktman) (%) 20.27
HFWA's Forward Rate of Return (Yacktman) (%) is ranked higher than
71% of the 867 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.21 vs. HFWA: 20.27 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
HFWA' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -29.5  Med: 14.15 Max: 65
Current: 20.27
-29.5
65

More Statistics

Revenue (TTM) (Mil) $162.9
EPS (TTM) $ 1.29
Beta0.48
Short Percentage of Float0.52%
52-Week Range $16.40 - 26.85
Shares Outstanding (Mil)29.95

Analyst Estimate

Dec16 Dec17 Dec18
Revenue (Mil $) 164 169
EPS ($) 1.26 1.34 1.40
EPS w/o NRI ($) 1.26 1.34 1.40
EPS Growth Rate
(3Y to 5Y Estimate)
10.00%
Dividends Per Share ($) 0.60 0.48 0.50
» More Articles for HFWA

Headlines

Articles On GuruFocus.com
NWQ Managers Makes 10 New Buys in 3rd Quarter Dec 16 2015 
Heritage Financial Corp. Reports Operating Results (10-K) Mar 04 2011 
Heritage Financial Corp. Reports Operating Results (10-Q) Nov 08 2010 
Heritage Financial Corp. Reports Operating Results (10-Q) Aug 03 2010 
Heritage Financial Corp. Reports Operating Results (10-Q) May 04 2010 
Heritage Financial Corp. (HFWA) Chairman Donald V Rhodes sells 5,000 Shares Feb 25 2010 
Heritage Financial Corp. (HFWA) Chairman Donald V Rhodes sells 3,000 Shares Feb 18 2010 
Heritage Financial Corp. (HFWA) Chairman Donald V Rhodes sells 17,000 Shares Feb 12 2010 
Heritage Financial Corp. Reports Operating Results (10-Q) May 11 2009 

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